SoftBank Group reported a significant turnaround with a net profit of $2.1 billion (328.9 billion yen) for the fourth quarter of the fiscal year ending March 2024. This marks a notable recovery from previous losses, driven by successful investments in artificial intelligence and strong performances from key assets like Arm Holdings. Despite the quarterly success, SoftBank experienced a full-year net loss of $1.46 billion, attributed to a $368 million quarterly investment loss in its Vision Fund. However, the Vision Fund itself reported a $4.6 billion gain for the fiscal year, its first since 2021, buoyed by increases in the value of investments in companies like ByteDance and DoorDash.
📽️ WATCH - JAPAN'S SOFTBANK SWINGS TO QUARTERLY PROFIT, EYES ON ARM UNIT Japanese technology giant SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period. https://t.co/O5BggntnbJ
SoftBank Group reported a second straight quarter of profitability on Monday as the Japanese tech conglomerate benefits from an artificial intelligence investment boom that has buoyed prized assets like Arm Holdings. https://t.co/gA7oqx5kXa
SoftBank reported a net profit of over $2.1 billion in the final quarter, compared to losses in the same period a year ago. The investors are excited about the potential of an AI-driven future that boosted SoftBank's top asset, chip designer Arm Holdings https://t.co/RWgVF5XC8K https://t.co/eLyTtcTk4K
#SoftBank Q4 Results: Co swings to profit, eyes on Arm unit https://t.co/N0jpITRib2
Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year as the Japanese giant focuses on artificial intelligence to help fuel a return to growth https://t.co/3QUqfOBYzO https://t.co/1wECPdjDYQ
SoftBank announces $1.5B quarterly profit, attributed to ARM's valuation and AI expansion. However, reports full-year net loss of $1.46B and a $368M quarterly investment loss in Vision Fund. Analysts express confidence in company's AI strategy. $NVDA $SFTBY
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value (@arjunkharpal / CNBC) https://t.co/PxvYvD9OP1 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/wVfNtn2L6A
SoftBank swings to Q4 profit as comeback gains steam https://t.co/q9BewZJBZN https://t.co/ioQgrFciBH
SoftBank reports a second straight quarter of profitability as the Japanese tech conglomerate benefits from an artificial intelligence investment boom that has buoyed prized assets like Arm https://t.co/zBX9GDYpbD
🚨 SoftBank swings to Q4 profit of $2.1 billion Japanese technology giant #SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period. https://t.co/gqQAtxR6Kk
⚠️ SOFTBANK SWINGS TO Q4 PROFIT OF $2.1 BILLION Full Story → https://t.co/XC6fNwNRHG Japanese technology giant SoftBank Group swung to a quarterly profit on Monday, reporting a net profit of 328.9 billion yen ($2.11 billion) for the January-March period. https://t.co/SnwD6FdL7K
SoftBank seen returning to loss in Q4 despite tech stock strength #SoftBank is slated to record a net loss of 72 billion yen ($462.70 million) over January-March, according to the average of two analysts polled by LSEG https://t.co/ui0ZfgKOt3